Mumbai, Feb. 18 -- Global brokerage Morgan Stanley has said that Indian stocks could see a revival soon but global factors will be the key. In its latest note, analysts at Morgan Stanley said that while catching the bottom is difficult, "we think buying Indian equities could prove rewarding." India is coming out of its slow growth patch of the past few months, the brokerage said, adding that the global news has turned better. Stocks are now cheaper than they have been since the Covid-19 bottom.

The benchmark NSE Nifty 50 and the BSE Sensex have fallen 13.3 per cent and 11.7 per cent, respectively, from the previous peak. According to the ace financial institution, the Union Budget is good for growth, with rising capex and falling subsidy...